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The Role of Human Capital on Family Firm Innovativeness : The Strategic Leadership Role of Family Board Members

Calabrò, A.; Torchia, M.; Jimenez, D.G.; Kraus, S.

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Authors

A. Calabrò

M. Torchia

D.G. Jimenez

S. Kraus



Abstract

Drawing on the resource-based view of the firm, this study investigates the relationship between human capital (employees’ experience, knowledge and technical skills, managerial talent) and innovativeness (propensity to innovate) in a sample of 478 family firms taken from a cross-country dataset (STEP Project). Furthermore, we consider the moderating effect of the proportion of family members sitting on the board of directors (family board ratio). The main findings highlight that there is a positive relationship between human capital and family firm innovativeness. Moreover, family board ratio positively moderates the relationship between human capital and innovativeness in such a way that when the family board ratio is high, the relationship between human capital and innovativeness is stronger. This result is weaker when multiple family generations are actively involved in the firm. In summary, family members sitting on the board of directors focus more attention on people and for this reason, play an important strategic leadership role in valorizing human capital that fosters more innovativeness.

Citation

Calabrò, A., Torchia, M., Jimenez, D., & Kraus, S. (2021). The Role of Human Capital on Family Firm Innovativeness : The Strategic Leadership Role of Family Board Members. International Entrepreneurship and Management Journal, 17(1), 261-287. https://doi.org/10.1007/s11365-020-00657-y

Journal Article Type Article
Acceptance Date Mar 26, 2020
Online Publication Date Apr 23, 2020
Publication Date Mar 1, 2021
Deposit Date Mar 26, 2020
Publicly Available Date Apr 23, 2020
Journal International Entrepreneurship and Management Journal
Print ISSN 1554-7191
Electronic ISSN 1555-1938
Publisher Springer
Peer Reviewed Peer Reviewed
Volume 17
Issue 1
Pages 261-287
DOI https://doi.org/10.1007/s11365-020-00657-y
Public URL https://durham-repository.worktribe.com/output/1273962

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Publisher Licence URL
http://creativecommons.org/licenses/by/4.0/

Copyright Statement
This article is licensed under a Creative Commons Attribution 4.0 International License, which permits use, sharing, adaptation, distribution and reproduction in any medium or format, as long as you give appropriate credit to the original author(s) and the source, provide a link to the Creative Commons licence, and indicate if changes were made. The images or other third party material in this article are included in the article's Creative Commons licence, unless indicated otherwise in a credit line to the material. If material is not included in the article's Creative Commons licence and your intended use is not permitted by statutory regulation or exceeds the permitted use, you will need to obtain permission directly from the copyright holder. To view a copy of this licence, visit http://creativecommons.org/licenses/by/4.0/.





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